Detroit Automakers Come Back to Life

Things are looking up for U.S. automakers. Sales are up, and some companies like Chrysler are projecting that they will end this quarter in the black. This is big news for an industry which required massive government support to avoid bankruptcy less than two years ago. Paul Eisenstein, publisher of The Detroit Bureau, says that the car companies have been making smart moves.

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Two-thirds of GM’s sales now occur overseas—China now larger, this year, than the sales volumes that GM is getting out of the United States.

By slimming their company’s product lines, and introducing new and appealing lineups, the automakers are rebuilding their audience. The question is: can Detroit keep up their recent success and save their once thriving industry?